NOT LISTED FOR SALE

Estimated Value: $3,236,311 - $4,436,000

4 Beds
4.5 Baths
2,670 Sq Ft
$1,441/Sq Ft Est. Value

Last Sold August 24, 2023

Last sale price $3,700,000 $1,386 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $23,958/month

51 Days on Market

Highlights

  • Guest House
  • Gated Parking
  • City Lights View
  • Broadway Elementary Rated A
  • Two Primary Bedrooms
  • 4-minute walk to Oakwood Park

About This Home

As of August 2023

Formerly the home of world-renowned designer who created homes for Jennifer Lopez, Cameron Diaz, Ridley Scott, Robert Downey, Jr. and was the imaginative design lead for The Line Hotels, this stunning retreat is perfectly curated for a lifestyle by the beach. Discover a coastal meadow when entering the property, breezing into an open living, dining and kitchen space, fabulous for entertaining. Downstairs are two ensuite bedrooms; a master and child or guest room. Upstairs a home office and second master suite are bathed in natural light. Walls of glass, throughout the home on both levels, blur the lines between indoors and out. Blossoming branches engage the senses, inviting exploration of the gardens between the main house and guest flat. An outdoor kitchen fulfills a grill-enthusiast's dream with a bar, refrigerator and ice maker, along with a dining area and fire pit. Perched above, the treehouse is a secluded and private bedroom and bath, with a deck for enjoying sunsets and parking below. Embodying the ultimate California lifestyle, this is the first time this home has ever been on the market.

Last Agent to Sell the Property

Anastasia Bowen

Benjamin Leeds License #01953797 Listed on: 04/25/2023

Last Buyer's Agent

Anastasia Bowen

Benjamin Leeds License #01953797 Listed on: 04/25/2023

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1937

Lot Details

  • 5,364 Sq Ft Lot
  • Lot Dimensions are 40x135
  • Property is zoned LAR2

Parking

  • Gated Parking

Property Views

  • City Lights
  • Trees

Interior Spaces

  • 2,670 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Wood Burning Fireplace
  • Family Room
  • Living Room with Fireplace
  • Dining Room
  • Home Office
  • Workshop
  • Utility Room

Kitchen

  • Oven or Range
  • Freezer
  • Ice Maker
  • Dishwasher

Flooring

  • Engineered Wood
  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Double Master Bedroom
  • Powder Room

Laundry

  • Laundry Room
  • Laundry on upper level
  • Dryer
  • Washer

Outdoor Features

  • Open Patio
  • Outdoor Grill

Additional Homes

  • Guest House

Utilities

  • Air Conditioning
  • Forced Air Heating System
  • Radiant Heating System
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4241-010-004

Home Details

Home Type

Single Family

Year Built

Built in 1937

Lot Details

5,364 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Architectural
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 2670
  • Lot Acreage: 0.1232
  • Lot Dimensions: 40x135
  • Stories: 1
  • Year Built: 1937
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room, Wood Burning
  • Flooring: Engineered Hardwood, Carpet, Stone Tile
  • Bedrooms: 4
  • Full Bathroom: 3
  • Half Bathroom: 1
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 1
  • Laundry: Room, Inside, On Upper Level
  • Total Bathrooms: 5.00
  • Equipment: Barbeque, Built-Ins, Cable, Dishwasher, Dryer, Hood Fan, Refrigerator, Range/Oven, Washer, Ice Maker, Freezer
  • Price Per S Q F T: 1496.25

Exterior Features

  • Other Structures: GuestHouse
  • Pool: No
  • Spa Yn: No
  • View: City Lights, Tree Top
  • View: Yes

Garage/Parking

  • Parking Garage: Gated

Utilities

  • Cooling: Air Conditioning
  • Heating: Radiant, Forced Air

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4241-010-004
  • Lot Size Area: 5364

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 25, 2023
Closed on
Jul 10, 2023
Sold by
Knibb Sean Adam
Bought by
817 Palms Llc
Seller's Agent
Anastasia Bowen
Benjamin Leeds
Buyer's Agent
Anastasia Bowen
Benjamin Leeds
List Price
$3,995,000
Sold Price
$3,700,000
Premium/Discount to List
-$295,000
-7.38%
Views
151
Current Estimated Value
$3,847,578

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$147,578
Avg. Annual Appreciation
1.53%
Original Mortgage
$3,710,000
Outstanding Balance
$3,624,251
Interest Rate
6.96%
Mortgage Type
New Conventional
Estimated Equity
$223,327

Purchase Details

Closed on
May 1, 2023
Sold by
Poulsen Stella Emilie Shirinda
Bought by
Knibb Sean Adam

Purchase Details

Closed on
Sep 21, 2021
Sold by
Knibb Sean Adam
Bought by
Poulsen Stella Emilie Shiri

Purchase Details

Closed on
Feb 7, 2007
Sold by
Knibb Sean
Bought by
Knibb Sean Adam

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$982,000
Interest Rate
6.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 3, 2006
Sold by
Valenzuela William and Valenzuela Edna
Bought by
Knibb Sean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$850,000
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
817 Palms Llc $3,700,000 Wfg National Title
Knibb Sean Adam -- Wfg National Title
Poulsen Stella Emilie Shiri -- Wfg National Title
Knibb Sean Adam -- Fidelity National Title Co
Knibb Sean $1,150,000 Southland Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 817 Palms Llc $3,710,000
Previous Owner Knibb Sean Adam $982,000
Previous Owner Knibb Sean $850,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/24/2023 08/24/23 Sold $3,700,000 -7.4% $1,386 / Sq Ft
06/15/2023 06/15/23 Pending -- -- --
04/25/2023 04/25/23 For Sale $3,995,000 -- $1,496 / Sq Ft
Source: The MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $44,630 $3,774,000 $3,607,536 $166,464
2024 $44,630 $3,700,000 $3,536,800 $163,200
2023 $19,868 $1,636,094 $1,208,434 $427,660
2022 $18,939 $1,604,015 $1,184,740 $419,275
2021 $18,706 $1,572,564 $1,161,510 $411,054
2019 $18,142 $1,525,923 $1,127,060 $398,863
2018 $18,084 $1,496,004 $1,104,961 $391,043
2016 $15,949 $1,327,564 $1,062,055 $265,509
2015 $15,713 $1,307,623 $1,046,102 $261,521
2014 $15,762 $1,282,010 $1,025,611 $256,399
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-263638

The MLS

APN: 4241-010-004

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